Varex Imaging Corp Stock Buy Hold or Sell Recommendation
| VREX Stock | USD 16.68 0.15 0.91% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Varex Imaging Corp is 'Strong Hold'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Varex Imaging Corp given historical horizon and risk tolerance towards Varex Imaging. When Macroaxis issues a 'buy' or 'sell' recommendation for Varex Imaging Corp, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Varex Imaging Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. In addition, we conduct extensive research on individual companies such as Varex and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Varex Imaging Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
Varex |
Execute Varex Imaging Buy or Sell Advice
The Varex recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Varex Imaging Corp. Macroaxis does not own or have any residual interests in Varex Imaging Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Varex Imaging's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Good | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Varex Imaging Trading Alerts and Improvement Suggestions
| Varex Imaging Corp appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 811 M. Net Loss for the year was (47.2 M) with profit before overhead, payroll, taxes, and interest of 283.5 M. | |
| Varex Imaging Corp has a strong financial position based on the latest SEC filings | |
| Over 99.0% of the company outstanding shares are owned by institutional investors | |
| Latest headline from thefly.com: Varex Imaging management to meet virtually with B. Riley VREX |
Varex Imaging Returns Distribution Density
The distribution of Varex Imaging's historical returns is an attempt to chart the uncertainty of Varex Imaging's future price movements. The chart of the probability distribution of Varex Imaging daily returns describes the distribution of returns around its average expected value. We use Varex Imaging Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Varex Imaging returns is essential to provide solid investment advice for Varex Imaging.
| Mean Return | 0.52 | Value At Risk | -3.64 | Potential Upside | 6.09 | Standard Deviation | 3.33 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Varex Imaging historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Varex Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument, such as Varex Imaging, soars without any apparent reason? This usually happens because many institutional investors are aggressively trading Varex Imaging Corp back and forth among themselves.
| Shares | Millennium Management Llc | 2024-06-30 | 597.9 K | Jpmorgan Chase & Co | 2024-06-30 | 517 K | Bank Of America Corp | 2024-06-30 | 512.1 K | Charles Schwab Investment Management Inc | 2024-09-30 | 450.5 K | Royce & Associates, Lp | 2024-09-30 | 438.1 K | Northern Trust Corp | 2024-09-30 | 437.6 K | Citadel Advisors Llc | 2024-09-30 | 411.5 K | D. E. Shaw & Co Lp | 2024-09-30 | 380.7 K | Bank Of New York Mellon Corp | 2024-06-30 | 341.9 K | Blackrock Inc | 2024-06-30 | 7.1 M | Pzena Investment Management, Llc | 2024-09-30 | 3.9 M |
Varex Imaging Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (42.7M) | 42.8M | (85M) | 20.2M | 6.6M | 6.9M | |
| Change In Cash | 70.8M | 44M | (55.5M) | 63.4M | 16.4M | 15.4M | |
| Free Cash Flow | (10.3M) | 77.5M | (4.4M) | 87.7M | 20.4M | 19.4M | |
| Depreciation | 39.5M | 37.3M | 33.6M | 33.2M | 31.1M | 30.4M | |
| Other Non Cash Items | 34.7M | 18.3M | 25.9M | 29.2M | 9.1M | 12.3M | |
| Capital Expenditures | 23.5M | 15.1M | 21.3M | 20.7M | 26.9M | 24.1M | |
| Net Income | (57.4M) | 17.9M | 30.8M | 48.7M | (47.2M) | (44.8M) | |
| End Period Cash Flow | 102.1M | 146.1M | 90.6M | 154M | 170.4M | 178.9M | |
| Investments | (93.2M) | (26.9M) | (1.4M) | (44.9M) | (27.5M) | (28.9M) | |
| Net Borrowings | (1.6M) | 109.9M | (31.6M) | (29.4M) | (26.5M) | (25.1M) | |
| Dividends Paid | 500K | 53.1M | 1.3M | 2.8M | 2.5M | 2.4M | |
| Change To Netincome | 14.6M | 43.3M | 22.2M | 30.1M | 34.6M | 18.7M | |
| Change Receivables | 14.8M | 17.7M | (32.9M) | (18.1M) | (16.3M) | (15.5M) |
Varex Imaging Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Varex Imaging or Health Care Equipment & Supplies sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Varex Imaging's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Varex stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.39 | |
β | Beta against Dow Jones | 0.93 | |
σ | Overall volatility | 3.33 | |
Ir | Information ratio | 0.11 |
Varex Imaging Volatility Alert
Varex Imaging Corp shows above-average downside volatility for the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Varex Imaging's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Varex Imaging's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Varex Imaging Fundamentals Vs Peers
Comparing Varex Imaging's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Varex Imaging's direct or indirect competition across all of the common fundamentals between Varex Imaging and the related equities. This way, we can detect undervalued stocks with similar characteristics as Varex Imaging or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Varex Imaging's fundamental indicators could also be used in its relative valuation, which is a method of valuing Varex Imaging by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Varex Imaging to competition |
| Fundamentals | Varex Imaging | Peer Average |
| Return On Equity | 0.0609 | -0.31 |
| Return On Asset | 0.0231 | -0.14 |
| Profit Margin | 0.04 % | (1.27) % |
| Operating Margin | 0.04 % | (5.51) % |
| Current Valuation | 949.28 M | 16.62 B |
| Shares Outstanding | 41.1 M | 571.82 M |
| Shares Owned By Insiders | 4.97 % | 10.09 % |
| Shares Owned By Institutions | 99.11 % | 39.21 % |
| Number Of Shares Shorted | 1.35 M | 4.71 M |
| Price To Earning | 33.13 X | 28.72 X |
| Price To Book | 1.27 X | 9.51 X |
| Price To Sales | 0.82 X | 11.42 X |
| Revenue | 811 M | 9.43 B |
| Gross Profit | 283.5 M | 27.38 B |
| EBITDA | 67.2 M | 3.9 B |
| Net Income | (47.2 M) | 570.98 M |
| Cash And Equivalents | 99.6 M | 2.7 B |
| Cash Per Share | 2.50 X | 5.01 X |
| Total Debt | 470.4 M | 5.32 B |
| Debt To Equity | 0.83 % | 48.70 % |
| Current Ratio | 3.44 X | 2.16 X |
| Book Value Per Share | 14.22 X | 1.93 K |
| Cash Flow From Operations | 47.3 M | 971.22 M |
| Short Ratio | 3.78 X | 4.00 X |
| Earnings Per Share | (1.17) X | 3.12 X |
| Price To Earnings To Growth | 6.30 X | 4.89 X |
| Target Price | 22.2 | |
| Number Of Employees | 2.3 K | 18.84 K |
| Beta | 0.54 | -0.15 |
| Market Capitalization | 679.38 M | 19.03 B |
| Total Asset | 1.22 B | 29.47 B |
| Retained Earnings | 70.4 M | 9.33 B |
| Working Capital | 454 M | 1.48 B |
Note: Disposition of 7579 shares by Shubham Maheshwari of Varex Imaging at 12.58 subject to Rule 16b-3 [view details]
Varex Imaging Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Varex . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Varex Imaging Buy or Sell Advice
When is the right time to buy or sell Varex Imaging Corp? Buying financial instruments such as Varex Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Additional Tools for Varex Stock Analysis
When running Varex Imaging's price analysis, check to measure Varex Imaging's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Varex Imaging is operating at the current time. Most of Varex Imaging's value examination focuses on studying past and present price action to predict the probability of Varex Imaging's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Varex Imaging's price. Additionally, you may evaluate how the addition of Varex Imaging to your portfolios can decrease your overall portfolio volatility.